Cyber in top 5 business risks: Allianz
The risk of cyber crime and IT failures has continued its rapid rise, moving into the top five business risks globally for the first time.
Excess capacity in terrorism market at odds with landscape
The increased risk landscape is at odds with a fall in price over recent years due to a surfeit of capacity.
QBE poaches Ace and Catlin execs
QBE European Operations has made two new appointments to its international casualty team.
StormHarbour hires RBS insurance exec
Financial advisory firm StormHarbour has appointed Jonathan Spry as head of insurance solutions and advisory.
Munich Re forms new sidecar
German reinsurer Munich Re has formed a new sidecar allowing it to secure coverage for natural catastrophe exposure in its book of reinsurance business.
Ironshore acquires Dubai underwriter
Ironshore International has acquired Dubai-based Lloyd’s coverholder Visionary Underwriting Agency, a company incorporated in the Dubai International Financial Centre.
AJG acquires employee benefits brokerage
Arthur J Gallagher (AJG) has acquired California-based employee benefits brokerage e3 Financial.
AGCS launches US financial line; Zurich exec to head
Allianz Global Corporate & Specialty (AGCS), Allianz’s specialist corporate insurer, has launched a suite of financial lines insurance products in the US.
ERS hires underwriting fraud head
Lloyd’s syndicate ERS, formerly Equity Red Star, has appointed Linda Rees as head of underwriting fraud.
AGCS poaches JLT Re exec
Allianz Global Corporate & Specialty (AGCS), Allianz’s specialist corporate insurer, has appointed Christof Bentele to head its crisis management division.
